The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-06-08
FINANCE And COMMERCE.
HONEY 9 TO 8 PER CENT, NEW
YORK EXCHANGE 1.s PREM.
Cotton Firm = Middling Cotton,
.11c-Sales Yesterday, s25
Bales.
APPEAL 0TYICE.
MEMPHIS. TRSs., June 7, 1857.


AT the banks money is firm at 6 to
per cent. for loans. Exchange unch lnged
The clearing house report shows an increas,
IN the volume of business. Clearings thu
far this week, s554,6l6 81; corresponding
time in 1885, s4s4 1921 II, and in 1885, $685..
5O4 81. In local securities but little is doing
and quotations remain nominal. There
were no transa ctions at the Stock Exchange
today. and dullness prevailed. Merchants
Cotton Compress stock was offered at 1SI1z
Masonic Temple stock was 1907 bid, 1O9
asked, and 100 was bid for Citizens City
railroad stock. Tsxing District As. 6s were
lOOH bid; Taxing District 6s were 105A
asked; Shelby county s. were 1857 bid. and
county warrants were SO bid, 90 asked.
The local cotton market opened and closed
hrm; middling, lie. Sales, Us bales.
New York spots were quiet; middling,
II 7-16c; futu steady and l to points
lower for old crop, and to roints higher
for new crop; June, II S29ll. 33c. At New
orleans spots were firm: middling 10Nc;
futures barely steady. to points lower;
JLne, 10. 77@1O. 79c.
Liverpool spots were quiet, rather easier,
miudliEg uplands and Orleans, Sd; futures
quiet and steady and up point; June. 5 62d,
buyers. At Manchester cloths are quoted
steady, fair demand, and yarns firm, sellers
asking an advance.
A leading New York cotton circular says
OF the future market: Contracts were
more active on the old crop. with feverish,
nesitating tone throughout, and during the
greater portion Of the day the range was
somewhat lower. During the afternoon
there was frmer feeling. Prices. after
dropping points on August, recovered to
within points of last evening. The new
crop fuctuated somewhat. but az rule is
fairly we'll held"
The grain markei is firm and higher |
and provisions are steady. The gro |
Gerry market continues unchap ged. with |
sugar easier, molasses and syrups steady,
teas slender and spices 6rmer. The New
York Commercial BsIletin. Of the 9th. states
that coffee has not moved into consumption
freely and buyers were constantly contest
irg the cost, but jobbers and dealers who
claim to know all about it have been trading
In wild stock at advancing cost, while the
organized speculation has generally tended
to assume the bull side, though getting some
harder knocks from tho opposition than for
some time, The general features of the sit
uation for Brazil. have not changed one iota
during the week so far as supply and ma ural
demand are concerned.
THE dealers and growers Of raisins in
spain have agreed to open the coming season
with ve,y low prices, in the hote of stimu-
Iating me demand for the truit in this coun-
try and diseo9raging California growers aud
dealers; 1t is doubtful, however, if this |
Plan will work, as the industry on the Pa
enc coast has come to stay. The forty cents
per box duty is too great an obstacle to over {
The receipts Of sugar during May are said
10 have been the largest ever known for any
coIresponding period. The United States
supply exceeds last year about SO, 1000 tons,
but the accumulation OF the world is about I
3. 900 tons less.
The Bradstreet Agency reports 10 failures
in the United States during the week ending
June 3, 1887, against 107 in the preceding week
md l59, 161, l4S and 160 in the corresponding (
weeks of1S86, 1895, 1884 an 1888, respectively.
Middle States, 81; New Englan States, 10;
Southern States, II; Western States, SO; \
Pacific States and Territories, II; Canada,
3; total in the United States and Canada,
~. A
IMPORTS.
Two hundred SKIS bran, 265 SKIS beans and 4
'eas, 20 pkgs butter. 2,7 rls Tagging, 102 pkgs A
aeon, go pkgs DO It's and shoes, 500 bu corn, 4
pkgs cheese, 80 SKIS coffee, 100 pkgs dry q
GODS, e2 pkgs eggs, 1922 brls -four. 426 bales q
ay, 10 pkgs hats, 6 nd horses and mules, SO G.
kgs lard IN, 900 feet lumber so pkgs liquors, 81
80 brls meal 1852 btls molasses, 200 kegs nails, O.
cars pork sides, 60 brls sugar, 200 pkgs to. O.
acco. ri
ELEVATOR REPORTS. 9,
The following shows the amount of grain "
eceived, withdrawn and in store by regular "
levators, as reported to the Merchants tx y
1ange yesterday: Corn-received, SOB bu; ~
ithdrawn, 4745 bu; in store, IS, 125 bu. Oats y
us bu; in store, 4l4S Gu. "